Is Nifty forming a perfect flag pattern ?
After making a high of 18400, so far the trend followed by nifty is falling perfect to a flag pattern.
The last 2 breakout rallies of Nifty had been of 30% each. Considering it repeats the historic trend, a target of 30% from its current common low of 16800 will take Nifty to a high 21K+. That's only after it breaks the flag towards upside.
The last 2 breakout rallies of Nifty had been of 30% each. Considering it repeats the historic trend, a target of 30% from its current common low of 16800 will take Nifty to a high 21K+. That's only after it breaks the flag towards upside.
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